How safe do US banks feel?
The financials of the biggest look good; there is more capital underpinning the system than before the crisis; stress tests are now into their eighth year and bank CEOs tell analysts and shareholders that all the tiresome scenarios they must work through are making the system ever safer. And so they would.
But looking at the latest round of stress-test results and listening to the latest round of quarterly results conference calls, you might be forgiven for feeling a twinge of unease.
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